The question is about the manufacturing cost variances

Problem Radford Company uses a standard cost system to record its manufacturing costs in the accounting records. The company manufactures a product that uses the following standards. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 6 units at $5.00 per unit 2 labor hours at $10.25 per hour 3 machine hours at $6.50 per hour 3 machine hours at $8.25 per hour The fixed manufacturing overhead is based on a normal capacity of 360,000 machine hours per year. The actual results for the current year are provided below. Direct materials purchases Direct materials used Direct labor Actual machine hours used Variable manufacturing overhead Fixed manufacturing overhead 900,000 units at a total cost of $4,523,000 690,000 units 210,000 labor hours at a total cost of $2,150,000 320,000 Actual cost of $2,100,000 Actual cost of $2,625,000 The company produced 110,000 units during the year. The company completed 80% of the total work in process during the year. The company sold 90% of the finished goods on hand at a markup of 25% above standard cost. There were no beginning inventories. REQUIRED: (1) Calculate the following manufacturing cost variances, showing all supporting computations. Round all calculations to the nearest whole dollar. (a) Direct materials price variance. (b) Direct materials quantity variance. (c) Direct labor rate variance. (d) Direct labor efficiency variance. (e) Variable manufacturing overhead spending variance. (f) Variable manufacturing overhead efficiency variance. (g) Fixed manufacturing overhead spending variance. (h) Fixed manufacturing overhead volume variance. (2) Prepare all the general journal entries, in proper form, that would be required to record the transactions in the standard cost system of the company. Assume that variances are isolated at the earliest possible point in the accounting system. Provide a brief explanation for your entry. (3) Calculate the amounts that should be prorated to the appropriate accounts based on the ending balances contained in the inventory accounts and costs of goods sold before proration. Assume that none of the direct materials price variance is prorated to the direct materials efficiency variances. Round all proration percentages to five decimal places and all dollar amounts to the nearest whole dollar